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The World Federation of Diamond Bourses, founded in 1947, [1] was created to provide bourses trading in rough and polished diamonds and precious stones with a common set of trading practices. It is composed of 27 [ 2 ] member diamond bourses.
Even though rough diamond prices are falling, buying a one-carat round diamond at the store is on average 3% more expensive now than it was in January 2020, he said.
The Antwerpsche Diamantkring was established in 1928 in Antwerp, Belgium, to become the first diamond bourse worldwide that is dedicated exclusively to rough diamonds trade. [1] It is a member of the World Federation of Diamond Bourses. 85% of the world’s diamond supply is traded in Antwerp, and in particular in the Antwerpsche Diamantkring ...
The Diamond Trading Company (DTC) is the rough diamond sales and distribution arm of the De Beers Group. The DTC sorts, values and sells about 35% of the world’s rough diamonds by value. [ 1 ] The DTC has a combination of wholly owned and joint venture operations in South Africa (DBSSSA), Botswana (DTCB and DBGSS), and Namibia ( NDTC ).
De Beers has accumulated the biggest stockpile of diamonds since 2008, the Financial Times reported. Weak demand and rising competition from lab-grown products are weighing on the diamond titan.
The Kimberley Process Certification Scheme (KPCS) is the process established in 2003 to prevent "conflict diamonds" from entering the mainstream rough diamond market by United Nations General Assembly Resolution 55/56 following recommendations in the Fowler Report. The process was set up "to ensure that diamond purchases were not financing ...